UK Stocks-Factors to watch on Oct. 28

  • Reuters
  • Stock Market News
UK Stocks-Factors to watch on Oct. 28
Credit: © Reuters.

Oct 28 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening one point higher at 7,325 on Monday, according to financial bookmakers.

* HSBC: HSBC Holdings Plc HSBA.L on Monday flagged a softer revenue growth outlook and dropped a key growth target for next year, after posting a more-than-expected 18% drop in quarterly pre-tax profit. TELCOS: British Prime Minister Boris Johnson is preparing to grant China's Huawei Technologies Co Ltd HWT.UL access to the UK's future 5G telecoms network, the Sunday Times reported. BHP: Samarco, a joint venture between BHP Group BHP.AX BHPB.L and Vale SA VALE3.SA , on Friday won permission to resume operations at their Germano iron ore mine, the environmental regulator of the Brazilian state of Minas Gerais said, roughly four years after a fatal dam collapse there. GOLD: Gold was little changed on Monday, after a near 1% jump in the previous session, as investors awaited a U.S. Federal Reserve rate decision later in the week, while progress in U.S.-China trade talks limited upside. OIL: After strong gains last week, oil prices were slightly lower on Monday as data released in China reinforced signs that its economy is slowing, though progress in China-U.S. trade talks has supported prices. UK stocks ended Friday on a sour note as Brexit jitters weighed on sentiment, although the exporter-heavy FTSE 100 marked its strongest weekly performance in nine months as the continuing political divide hurt sterling. UK CORPORATE DIARY:

HSBC Holdings

HSBA.L

Q3 2019 Earnings Release Photo-Me International

PHTM.L

Trading Statement Release

* For more on the factors affecting European stocks, please click on: LIVE/

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